Gama Explorations Inc. (CNSX:GAMA) entered into a binding letter of intent to acquire Muskox Lithium Property in Yellowknife Pegmatite Province of Northwest Territories, Canada from RGV Lithium Explorations Inc. for CAD 1.4 million on January 13, 2023. In order to exercise the option, Gama will be required to make a payment of CAD 0.4 million in cash, as follows CAD 0.15 million cash upon signing and CAD 0.25 million cash six months from the signing date. In addition, Gama will be required to pay CAD 1 million in cash or common shares of Gama, as follows CAD 0.1 million on the first anniversary of the signing date, CAD 0.2 million on the second anniversary of the signing date, CAD 0.3 million on the third anniversary of the signing date and CAD 0.4 million on the fourth anniversary of the signing date.